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The Metrobank World Mastercard offers a variety of benefits to its holders. Cardholders enjoy up to 50% off on luxury dining, double points on overseas spending, and a flexible credit limit. This card also provides exclusive airport discounts, Mastercard travel rewards, e-commerce protection, and a robust rewards program. Additional perks include 0% installment programs on certain purchases, global emergency services, and several value-added services like Balance Transfer and Cash2Go for more financial flexibility. With 24-hour VIP customer service and contactless payment features, it caters to both the convenience and security of its users.

Benefits of the Metrobank World Mastercard

The Metrobank World Mastercard is designed to provide a plethora of benefits catering to varied lifestyles. Its offerings enhance the cardholder’s experience in dining, traveling, shopping, and managing finances with a touch of luxury and convenience. Now, let’s delve into six notable benefits of this card:

Up to 50% Off Dining Deals

Enjoy luxury dining at a fraction of the cost at select establishments, a perfect feature for food enthusiasts.

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Mastercard Airport Experiences

Get exclusive discounts at over 1,000 airports and 500 airport lounges worldwide, along with access to various dining, leisure, and shopping establishments.

Mastercard Travel Rewards

Unlock rebates while shopping, dining, and relaxing at special partner venues across several countries including the United States, United Kingdom, Australia, and more.

Mastercard E-Commerce Protection

Avail automatic worldwide insurance for online item purchases, covering losses from incomplete or wrong item delivery, defects, damages, and non-delivery of online goods.

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0% Installment Program

Manage your finances better with the 0% installment program available at a wide range of merchant establishments, making big-ticket purchases more manageable.

Global Emergency Services

Access worldwide assistance 24/7 for emergency lost/stolen card reporting, emergency card replacement, and emergency cash advance, ensuring peace of mind while traveling abroad​.

Additional Perks Worth Mentioning

There are several additional perks with the Metrobank World Mastercard. These include:

  • Free First Two Supplementary Cards: Enjoy waived annual fees for the first two supplementary cards, sharing the benefits with loved ones.
  • Rewards Program: Earn points for every spend which can be redeemed for exciting items.
  • Contactless Payment: A feature enabling secure and faster transactions.
  • 24-Hour VIP Customer Service: Provides immediate access to customer service for any credit card concerns.
  • Value Added Services: Including Balance Transfer, Cash2Go, and easy bill payments to enhance financial management​.

Prerequisites to Obtain the Metrobank World Mastercard

To apply for the Metrobank World Mastercard, an applicant needs to fulfill certain eligibility criteria and provide necessary documentation. Here are the requisites:

  1. Age Limit: Applicants must be between 18 and 70 years old​​.
  2. Employment Status: At least 6 months of employment as a regular employee is required​​.
  3. Income Requirement: A minimum annual income of PHP 4,000,000 is stipulated by one source​​, whereas another source mentions a minimum gross annual income of ₱5,000,000​​.
  4. Existing Credit Cardholder: Applicants need to be a principal cardholder with another bank for at least 9 months with a credit limit of at least PHP 300,000​​.
  5. Documentation: Valid TIN, SSS, GSIS, and UMID Number are required, along with a photocopy of a valid ID and proof of income​​.

These prerequisites ensure that the cardholder has a stable financial background, which is particularly important given the premium nature of the Metrobank World Mastercard.

About the Metrobank Financial Institution

The Metropolitan Bank and Trust Company (Metrobank), a renowned financial institution in the Philippines, provides the Metrobank World Mastercard. Here’s a brief overview of Metrobank’s journey and characteristics:

Historical Journey:

  • Founding: Metrobank was established on September 5, 1962, by a consortium of businessmen at the Wellington Building in Binondo, Manila, during a time of global tension, marking a bold step towards economic growth and progress in the Philippines​.
  • Expansion: From its first branch established in Divisoria in August 1963, Metrobank grew swiftly over the decades. By September 1982, it had over 200 branches and offices, and by 1997, it had 100 branches and offices with a new head office at Metrobank Plaza in Makati​.
  • Diversification: Metrobank was authorized to operate as a universal bank in 1981 and later, in 1997, to operate a foreign currency deposit unit (FCDU). It also formed a joint venture with ANZ in 2003, and in 2017, increased its stake in Metrobank Card Corp. (MCC) from 60% to 100%​.

Bank Characteristics:

  • Corporate Governance: Metrobank adheres to high standards of corporate governance, ensuring accountability, fairness, and transparency across all business operations​​.
  • Community Oriented: Initially, Metrobank aimed to provide financial services primarily to the Filipino-Chinese community. Over time, it expanded its services catering to a broader demographic, showcasing a commitment to serving various communities in the Philippines​​.
  • Network Growth: The bank’s network has significantly expanded from a single branch to a wide network both in the Philippines and overseas, offering a variety of products and services over the years​.

Metrobank’s ethos and historical growth reflect a solid foundation and a consistent effort to adapt and expand its services, providing a reliable backing for offerings like the Metrobank World Mastercard.

Who is the Metrobank World Mastercard for?

For those looking for a balance of elegance, ease, and financial flexibility, Metrobank offers the World Mastercard. Here’s a more detailed look at the customer profile this card caters to:

  • Affluent Individuals:

Given the high minimum income requirement (PHP 4,000,000 to PHP 5,000,000 annually), this card is clearly aimed at affluent individuals who have substantial earning power.

  • Frequent Travelers:

With benefits like Mastercard Airport Experiences, Mastercard Travel Rewards, and Global Emergency Services, this card is a suitable companion for those who travel frequently, whether for business or leisure.

  • Dining Enthusiasts:

The up to 50% off on luxury dining deals is a delightful perk for individuals who appreciate fine dining and would like to experience it at a fraction of the cost.

How to Apply for the Metrobank World Mastercard

Applying for the Metrobank World Mastercard can be carried out either online or by visiting a Metrobank branch. Below is a step-by-step guide to help you through the process:

  • Eligibility Check:

Ensure you meet the eligibility criteria: age between 18 to 70 years old, at least 6 months of regular employment, and meet the minimum income requirement (PHP 4,000,000 to PHP 5,000,000 annually).

  • Documentation Preparation:

Prepare the necessary documents including valid TIN, SSS, GSIS, and UMID Number, a photocopy of a valid ID, and proof of income.

  • Online Application:
  1. Visit the Metrobank website.
  2. Select ‘World Mastercard’ from the card options.
  3. Click on ‘Apply For A Principal Card’.
  4. Fill out the application form with the required personal and financial information and upload the necessary documents​.
  • Branch Application:

Alternatively, you can visit the nearest Metrobank branch to submit your application in person​.

  • Application Submission:

Submit the completed application form along with the required documents.

  • Application Review:

Metrobank will review your application, which may include a credit check and verification of the information provided.

  • Card Issuance:

Upon approval, you will be issued the Metrobank World Mastercard.

APPLY TO METROBANK WORLD  MASTERCARD CREDIT CARD HERE

You can apply for the Metrobank World Mastercard online through this link or learn more about the card here​​.

Positive and negative points of the card

For individuals who qualify, the Metrobank World Mastercard offers a wide range of features and advantages, making it an important instrument. However, like any credit card, it comes with its set of costs and considerations. Here are some of the pros and cons associated with this card, summarized in a table:

Pros

  • Access to exclusive dining deals, up to 50% off
  • Exclusive airport discounts at over 1,000 airports and 500 airport lounges worldwide
  • Earn 1 point for every PHP 20 spent, with double points for international transactions
  • Automatic worldwide insurance for online item purchases (e-Commerce Protection)
  • Free annual fee for the first two supplementary cards
  • 0% installment program for big ticket purchases like appliances, gadgets, tuition, hospital bills, travel fare, and accommodations
  • 24/7 worldwide assistance for emergency lost/stolen card reporting, emergency card replacement, and emergency cash advance
  • Various value-added services like Bills2Pay, Balance Transfer, Cash2Go, Cash Rush, MTXT (Balance inquiry via text message), and multiple payment channels

Cons

  • Interest rate varies between sources (2%-3.54%)​
  • Annual fee of PHP 6,000
  • Foreign Transaction Fee of 2.5%
  • Late Payment Fee of PHP 850

The card offers a breadth of features tailored for convenience, savings, and financial flexibility, whether you’re dining out, traveling, or managing everyday expenditures. The cons mainly revolve around the fees and interest rates, which are fairly standard in the credit card industry but could add up over time, especially for cardholders who carry a balance from month to month or engage in foreign transactions.

Activating the Metrobank World Mastercard

Upon receiving the Metrobank World Mastercard, activating it is a straightforward process. Here are the steps you can follow to activate your card:

  1. Initiation of Communication:
    • Metrobank will initiate communication with you upon successful delivery and confirmation of receipt of the credit card. They will contact the principal cardholder for the activation process and undergo a verification process​.
  2. Online Activation:
    • You can activate your card online by going to the Card Activation page on Metrobank’s official website. You will need to provide your credit card number, card expiry date, and complete a captcha verification​.

These methods provide flexibility and ease for cardholders, ensuring a smooth transition to start using their Metrobank World Mastercard.

Metrobank World Mastercard Fees and Tariffs

The Metrobank World Mastercard comes with several costs that cardholders should be aware of. Here’s a breakdown of the main fees and charges associated with this card:

  1. Annual Fee:
    • The card carries an annual fee of PHP 6,000 for teh principal cardholder and PHP 3,000 for the secondary one.​
  2. Interest Rate:
    • 3% Monthly Interest Rate or 36% Annually
  3. Foreign Transaction Fee:
    • For transactions made overseas or online purchases from international merchants, a foreign transaction fee of 2.5% per transaction is levied​.
  4. Late Payment Fee:
    • A late payment fee of PHP 850 is charged if the minimum payment due is not paid on or before the payment due date​​.
  5. Cash Advance Fee:
    • The cash advance fee is reported as 3.96% monthly​​.

How to Contact Metrobank Customer Service

For assistance or inquiries regarding the Metrobank World Mastercard or other services, Metrobank provides several channels through which customers can reach out:

  1. Phone Support:
    • Metrobank Contact Center Metro Manila: (02) 88-700-700
    • Domestic Toll Free: 1-800-1888-5775
    • Corporate Customer Care: (02) 8898-8000 or Toll Free: 1-800-10-857-9727
    • Mobile: (0917) 523-3364 (GLOBE) or (0949) 994-2417 (SMART) (Available from 8:30 AM to 5:30 PM from Mondays to Fridays, except on holidays)​​.
  2. Email Support:
  3. Online Inquiry:
    • You can fill out their contact form on the website and they will reply to your email within 2-3 banking days​​.
  4. Website: